REPUBLIKA.CO.ID, JAKARTA -- PT Mandiri Tunas Finance (MTF) planned to issue a sustainable public offering (PUB) bonds II. The PUB bonds have total maximum fund of Rp 2 trillion.

According to Finance Director of MTF, Ade Cahyo Nugroho, the bond issuance would be done gradually. The first phase would be published at the end of 2015 amounted to Rp 600 billion and the rest would be published in 2016.

"The purpose of this bond issuance is to increase working capital financing of motor vehicles. Later, fresh funds obtained from the issuance of these bonds will be channeled back to vehicle financing," said Ade Cahyo, in Jakarta, Tuesday (6/10).

Further Ade explained, MTF was aiming for a target of financing to Rp 20 trillion until the end of this year. The rest of target of Rp 8 trillion would continue to be pursued until the last three months. However in the mid of third quarter of 2015, MTF had achieved a new financing of Rp 12 trillion.

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